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Trade Smart Online Vs Interactive Brokers
| | Broker Comparison, Trading | No Comments
Trade Smart Online Vs Interactive Brokers comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Trade Smart Online Vs Interactive Brokers Comparison
Here is a point by point comparison of Trade Smart Online vs Interactive Brokers.
Trade Smart Online is a discount broker that was incorporated by VNS – a stockbroking firm that was founded in 1994.
Interactive Brokers is actually a US-based stock broking company and has a discount broking arm based out of Mumbai as well. With 1100+ employees globally, the broker has a presence in 100+ countries and was introduced in India in 2009. However, this discount broker offers a limited range of trading and investment products.
Everything about discount brokers such as Interactive Brokers or Trade Smart Online is internet-based, be it – customer service, trading, account opening etc.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market, your long and short term plans of investing or trading and so on.
To make things easy for you, we have listed out the comparison between Trade Smart Online Vs Interactive Brokers to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Trade Smart Online Vs Interactive Brokers Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Interactive Brokers Review | Trade Smart Online Review | |
| OVERVIEW | ||
| Incorporated In the Year | 1977 | 1994 |
| Number of branches across India | 1 | 1 |
| Exchanges | NSE, BSE | NSE, BSE, MCX, MCX-SX and NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹200 |
| Trading Account Annual Maintenance Charges | ₹0 (Monthly ₹200 brokerage must be generated otherwise the differential amount will be levied) | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹200 |
| Demat Account Annual Maintenance Charges | ₹0 | ₹300 |
| Transaction Charges | Interactive Brokers Transaction Charges | Trade Smart Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹6 to ₹20 per executed trade | ₹15 per executed order or 0.07% depending on the plan |
| Intraday Delivery | ₹6 to ₹20 per executed trade | ₹15 per executed order or 0.007% depending on the plan |
| Equity Futures | ₹6 to ₹20 per executed trade | ₹15 per executed order or 0.007% depending on the plan |
| Equity Options | ₹6 to ₹20 per executed trade | ₹15 or ₹7 per executed order depending on the plan |
| Currency Futures | ₹6 to ₹20 per executed trade | ₹15 per executed order or 0.007% depending on the plan |
| Currency Options | ₹6 to ₹20 per executed trade | ₹15 per executed order or 0.007% depending on the plan |
| Commodity | NA | ₹15 per executed order or 0.007% depending on the plan |
| Brokerage Calculator | Trade Smart Online Brokerage Calculator | |
| EXPOSURE OR LEVERAGE | ||
| Equity | 4 times for intraday, 2 times for delivery | Intraday upto 30 times |
| Equity Futures | Upto 3 times Intraday | Upto 5 times |
| Equity Options | Buying No Leverage, Shorting Upto 3 times | Upto 5 times |
| Currency Futures | Upto 2 times Intraday | Upto 3 times |
| Currency Options | Buying No Leverage, Shorting Upto 2 times | Upto 3 times |
| Commodities | NA | Upto 5 times |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity |  | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | IB Trader Workstation, IB TWS, IB WebTrader | NOW, Nest, Spin |
| Complaint Percentage of Active Clients | 0.04% | 0.05% |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Trade Smart Online Vs Interactive Brokers for the benefits of other readers?
Please feel free to share your thoughts in the comments below.
Here are some of the other stockbroker comparisons you might be interested in.
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Trade Smart Online Vs Interactive Brokers
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